Risk Warning Spread betting carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary. Our Risk Warning Notice (PDF) is an important document which summarises the key risks involved in spread betting on an underlying product. It also explains leverage, the nature of margined trading, and volatility. Finspreads is a trading name of City Index Limited which is authorised and regulated by the Financial Services Authority (excluding Binary Bets) with FSA Register Number 113942. For details visit http://www.fsa.gov.uk/register In respect of Binary Bets City Index Limited is licensed and regulated by the Gambling Commission with license number 000-002640104314-001.